Recently, LONGi Green Energy Technology Co., Ltd. (LONGi Green Energy) and Tongwei Co., Ltd. (Tongwei) disclosed their guarantee updates for September 2026.
LONGi Green Energy
On October 12, LONGi Green Energy released an announcement stating that in September 2026, the company and its subsidiaries provided new guarantees totaling approximately RMB 4.687 billion, covering subsidiary financing, supply chain finance, overseas module sales, and distributed photovoltaic (PV) operations.
Among these, LONGi Green Energy provided a total of RMB 870 million in guarantees for borrowings and fixed-asset loans to its controlled subsidiary, LONGi Leye Photovoltaic Technology Co., Ltd. (LONGi Leye); it also provided credit facility limits and principal debt contract guarantees not exceeding RMB 400 million in aggregate for its controlled subsidiary, Suzhou LONGi Precision Control Co., Ltd. In addition, the company partnered with several banks to carry out supply chain finance operations, securing dedicated credit facility limits totaling RMB 6.5 billion, of which approximately RMB 2.828 billion had been utilized as of September 30.
In terms of daily operations and overseas sales, LONGi Green Energy and its subsidiaries issued bank letters of guarantee totaling approximately RMB 59.4909 million for the routine business operations of LONGi Leye, Xi'an LONGi Clean Energy Co., Ltd., Xi'an LONGi Hydrogen Energy Co., Ltd., as well as subsidiaries in the United States, Germany, Spain, and other locations. Furthermore, entities including LONGi Leye and LONGi (H.K.) Trading Limited provided contract performance guarantees for the module sales operations of subsidiaries in Canada, the United States, Hong Kong, Spain, and other regions.
In addition, to support the development of its distributed PV business, wholly owned subsidiary Xi'an LONGi Clean Energy paid an additional RMB 1.5384 million in security deposits in September to serve as margin guarantee coverage for bank loans taken out by eligible end-users purchasing PV power generation equipment and installation services.
As of the end of September 2026, the cumulative total balance of guarantees provided by LONGi Green Energy and its subsidiaries reached approximately RMB 26.623 billion, representing 49.05% of the company's latest audited net assets attributable to the parent company. Within this total, guarantees provided between subsidiaries within the consolidated financial statements accounted for approximately RMB 26.257 billion, with no overdue guarantees reported by the company.
Tongwei
On October 10, Tongwei Co., Ltd. released an announcement stating that in September 2026, mutual guarantees provided between the company and its subsidiaries amounted to RMB 1.5833 billion, guarantees provided for joint ventures totaled RMB 11 million, and guarantee liabilities for downstream customers provided by its subsidiary Tongwei Agricultural Financing Guarantee Co., Ltd. stood at RMB 201 million—bringing the overall total to approximately RMB 1.795 billion.
The guaranteed entities include subsidiaries such as Tongwei Agriculture Development Co., Ltd., Tongwei Solar (Hong Kong) Co., Limited, Tongwei Vietnam Co., Ltd., and Vietnam Tianbang Feed Co., Ltd., as well as joint ventures including Tongwei BioMar (Wuxi) Biotech Co., Ltd. and Zhuhai Haiwei Feed Co., Ltd.
As of September 30, 2026, the actual balance of mutual guarantees between Tongwei Co., Ltd. and its subsidiaries stood at RMB 42.782 billion, while the actual balance of guarantees provided for joint ventures reached RMB 19 million. The balance of guarantee liabilities for downstream customers provided by Tongwei Agricultural Financing Guarantee Co., Ltd. was RMB 826 million.
Source：EnergyTrend
